Economics MCQs

Page No. 396

Pakistan’s fiscal years starts from ?


a1st September


b1st January


c1st April


d1st July


View Answer 1st July

A tariff______________?


aIncrease the volume of trade


bReduces the volume of trade


cHas no effect on volume of trade?


d A and C of above



Velocity of circulation of money means ?


aThe number of times a unit of money changes hands daily


bThe number of times as unit of money changes hands monthly


cThe number of times as unit of money changes hands monthly


dThe number of times a unit of money changes value



Government of Pakistan issues currency on the basis of__________________?Availability of gold in the country


aAvailability of gold in the country


bAvailability of dollars in the country


cDemand for money in the country


d Tax collection



Economic development is measured on the basis of ?


aEconomic development is measured on the basis of ?


b Increase in real GNP


c Increase in personal income


dIncrease in government revenue



When the stock market is rising it is ?


aBearish


b Bullish


cHottest


d Rising up


View Answer Bullish

What would cause a country’s exchange rate to fall ?


aAn increases demand for its exports


bIncreased demand for its imports


cAn increased inflow of capital


d None of the above



The cause of inflation is ?


a Increase in money supply


bFall in production


cIncrease in money supply and fall in production


d Decrease in money supply and fall in production



According to the law of demand. When ?


aPrice increase demand decreases


bPrice decreases demand decreases


cPrice increased demand increases


d None of these



Gross National income is always more than Net National income because it includes ?


a Foreign income


bCapital consumption allowance


cIndirect taxes


d Direct taxes



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